ASL Marine Holdings (SGX:A04
) (ASL Marine) has reported a significantly higher net profit of $17.1 million for 1HFY2026 ended Dec 31, 2025.
Revenue for 1HFY2026 grew by 5.5% y-o-y to $181.6 million. The higher revenue was attributed to higher contribution across its ship repairs and ship chartering segments.
Gross profit margin was higher at 19.3% for 1HYF2026, a 2.9 percentage points improvement compared against the corresponding period of 16.4%, due to healthy gross profit margin contribution from ship chartering and shipbuilding segment.
As a result, gross profit saw a gain of 24.4% y-o-y to $35.1 million, on back of higher revenue and margins improvement.
Meanwhile, ASL Marine’s finance cost saw a drop of 72.8% y-o-y to $4.0 million in 1HFY2026 as part of the ongoing deleveraging initiatives.
As a result, net profit surged more than 700% y-o-y to $17.1 million for 1HFY2026, surpassing the company’s FY2025 net profit of $14.7 million.
See also: Marco Polo Marine reports revenue of $32.8 mil for 1QFY2026
Cash and cash equivalents improved by 145.6% y-o-y to $48.0 million as at Dec 31, 2025, compared against the figure of $22.8 million as at June 30, 2025.
On back of the improved performance, ASL Marine’s board has declared a dividend of 0.13 cents per share for 1HFY2026.
“Looking ahead, we remain optimistic in our growth prospects, supported by the resilience of the marine industry and the growth opportunities presented by Singapore’s $100 billion coastal protection initiatives,” states Ang Kok Tian, ASL Marine’s managing director.
Shares in ASL Marine was unchanged at 32.5 cents on Feb 12.
